UNITY BANCORP INC /DE/
8-K, 1997-04-03
STATE COMMERCIAL BANKS
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    --------
                                    FORM 8-K
                                    --------

                                 CURRENT REPORT



                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported)

                                 March 26, 1997
                                 --------------

                               UNITY BANCORP, INC.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          DELAWARE                     1-12431                   22-3282551
- ----------------------------         ------------            -------------------
(State or other jurisdiction         (Commission               (IRS Employer
     of incorporation)               File Number)            Identification No.)


       64  OLD HIGHWAY 22, CLINTON, NEW JERSEY                     08809
      ----------------------------------------                   ----------
      (Address of principal executive offices)                   (Zip Code)



       Registrant's telephone number, including area code (908) 730-7630

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                                     Page 1


<PAGE>

Item 5. Other Events.
        -------------
     The Registrant issued a press release on March 26, 1997 announcing a $.05
per share quarterly cash dividend payable on May 5, 1997 to shareholders of
record as of April 15, 1997.


Item 7. Exhibits.
        ---------
     The following exhibit is filed with this Current Report on Form 8-K.

Exhibit No.                            Description
- -----------                            -----------
   99            Press Release dated March 26, 1997 announcing Registrant's
                 $.05 per share quarterly cash dividend payable on May 5, 1997.






                                     Page 2


<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, Unity
Bancorp, Inc. has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                                     UNITY BANCORP, INC.
                                                     -------------------
                                                        (Registrant)




Dated: April 1, 1997           By: /s/ James Hyman
                                  ------------------
                                       James Hyman
                                  President and Chief
                                   Operating Officer







                                     Page 3

<PAGE>




                                  EXHIBIT INDEX
                                  -------------
                           CURRENT REPORT ON FORM 8-K
                           --------------------------

                                                                     Sequential
Exhibit No.                         Description                      Page Number
- -----------                         -----------                      -----------
   99             Press Release dated March 26, 1997 announcing
                  the Registrant's $.05 per share quarterly cash
                  dividend payable on May 5, 1997.



               L. G. ZANGANI, INC.
               Penn Plaza, 62 Pennsylvania, Flemington, NJ 08822
               Phone: (908) 788-9660 Fax: (908) 788-4024 E-mail: [email protected]
               Web site: http://www.zangani.com

For Release: IMMEDIATELY

Contact:     JAMES HYMAN, PRESIDENT (908) 730-7630                 PRESS RELEASE
             ADRIAN MADONIA, JR.    (909) 788-9660

- --------------------------------------------------------------------------------

                              UNITY BANCORP, INC.
                              -------------------
                     DECLARES $.05 QUARTERLY CASH DIVIDEND
                     -------------------------------------

CLINTON, NEW JERSEY, MARCH 26, 1997...The Board of Directors of UNITY BANCORP,
INC. (AMEX: UBI), at its regularly scheduled meeting on March 25, 1997, declared
a $.05 per share quarterly cash dividend payable May 5, 1997, to shareholders of
record as of April 15, 1997. UNITY BANCORP, INC. is the parent Company of First
Community Bank.

In making the announcement, Chairman and Chief Executive Officer, Robert Van
Volkenburgh pointed to continuing profitability as the principal reason for the
dividend. This is the tenth consecutive quarterly cash dividend paid by the
Corporation.

UNITY BANCORP, INC.'s subsidiary, First Community Bank (AMEX: UBI) is a
community oriented full-service commercial bank, providing a wide range of
business and consumer financial services through its headquarters in Clinton
and branches in Flemington, North Plainfield, Scotch Plains, Springfield and
Union, New Jersey. The Bank's newest office is expected to open during the
beginning of the second quarter at 628 North Wood Avenue, Linden, Union County,
New Jersey.

For additional information about the Bank's financial services, call 
1-800-540-4790, or visit FCB's Internet page at http://members.aol.com/FCBJC.
E-mail can be addressed to the Bank at [email protected].



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